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EDMONTON - Edmonton will see the biggest jump in housing prices in Canada this year, according to a major Scotiabank study released Wednesday.
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' p+ n4 y; c/ h2 K( S8 F( x"Edmonton is the only city to meet all three criteria of strong demand, tight supply and affordability," said Scotiabank economist Adrienne Warren, who studied 23 Canadian cities.$ C3 G& f$ K1 h5 ?6 j
7 W: d8 l7 u5 r"This powerful combination will sustain a market-leading pace of construction, sales and 1 |4 a/ v! @: l' Z
Housing demand in Edmonton is sustained by Canada's second-highest rate of combined population and employment growth, trailing only Calgary |
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